EconomistsConduct research, prepare reports, or formulate plans to aid in solution of economic problems arising from production and distribution of goods and services. May collect and process economic and statistical data using econometric and sampling techniques. Job Task- Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.
- Develop economic guidelines and standards and prepare points of view used in forecasting trends and formulating economic policy.
- Forecast production and consumption of renewable resources and supply, consumption and depletion of non-renewable resources.
- Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.
- Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.
- Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.
- Teach theories, principles, and methods of economics.
- Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy and present recommendations based on cost-benefit analyses.
- Supervise research projects and students' study projects.
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